Divorces can be expensive, from fees for attorneys or expert witnesses to appraisals of homes, businesses or other assets. And the costs soar when couples take to the courts.

The There is a special filing break for some widows and widowers. They may be entitled to the benefit of joint-return rates for two years after their mate dies. In the case of a return for tax year 2002, make sure to take advantage of this frequently-missed tax trimmer ... more

IRS lowered the interest rates by one point today for the upcoming winter; first quarter of 2002.

The new tax credit, known as the Saver’s credit, targeting hard working individuals in the lower to mid-low income families that usually don’t take up too much interest in retirement savings, either because of the cost or the availability of their funds and how best to allocate them; most of the time, retirement savings is not on top of the list.

Through the innovative and expansive modernization effort, started within the IRS in the last decade of the last millennium and progressing well into the first decade of the new millennium, within the last five years, IRS has been able to establish better rapport with its clients, the taxpayers, and to communicate their problems better, has been able to come up with pilot programs to resolve any and all issues that the clients bring to the table.

IRS recently announced the sweeping changes made by the expansive tax bill, Economic Growth and Tax Relief Act of 2001 in a release no. IR-2001-115

With the rising costs of gasoline and the state of the economy as it is right now, the IRS has decided to increase the standard mileage rates for 2002.

With the present economy in worst shape than it has been in the last sixty years and the state of mind of the American people still in mourning and recovery from physical and emotional scars, IRS realizing that some relief for the small businesses, hit especially hard by the present events, is most needed. (DEC 10TH, 2001)

The folks at IRS are pretty knowledgeable and year after year have tried to help the taxpayer sort out their problems in an efficient and productive manner.

The heads of the IRS and Financial Management Service launched a new feature of their Electronic Federal Tax Payment System (EFTPS ), EFTPS-OnLine, which allows businesses and individuals to pay all federal taxes through a secure Web site.

For those of us busy during the weekdays to have our tax questions answered, the IRS has announced a Saturday, November 3, 2001, as the National Problem Solving day. “This is a special day for taxpayers who need help,” said IRS Commissioner Charles O. Rossotti.

The bill aiming at boosting investment and helping the economy grow by instilling number of tax relief measures, passed the House by a vote of 216 to 214. We are well on our way down the road to economic recovery, boasted congressman Mike Pence of Indiana.

Congress passed this bill to protect E-commerce from taxation by increasing the moratorium on it for another two years.

Congress has acted quickly in the face of an insurmountable emotional tragedy engulfing the nation to provide tax relief to those affected most, “any individual who dies as a result of wounds or injury incurred as a result of the terrorist attacks against the United States on September 11, 2001.”

Still a little shaken and the sound of the Twin Towers crumbling to the ground in a concrete and steal heap still fresh as a minute ago in the mind, most Americans can’t think of anything else but those that were the victim of the most horrendous attack on the U.S. soil and their own personal safety.

Up to six months after the service ends, a soldier’s back taxes are deferred and they don’t accrue any interests or penalties. For officers the period is limited to two years. Members of Army, Navy, Air Force, Marine Corps, and Coast Guard covered under the Soldiers and Sailors Civil Relief Act of 1940 are provided with this benefit.